LONDON--(BUSINESS WIRE)--#FuelDispenserMarket--Technavio has been monitoring the global fuel dispenser market size and it is poised to grow by USD 1.43 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beijing SANKI Petroleum Technology Co. Ltd., Bennett Pump Co., Censtar Science & Technology Corp. Ltd., Dover Corp., Gilbarco Inc., HENSHEN MACHINERY Co. Ltd., Scheidt & Bachmann GmbH, SPYRIDIS GROUP, Tatsuno Corp., and Zhejiang Datian machine Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increasing inbound and outbound tourism has been instrumental in driving the growth of the market. However, the decline in number of fuel stations might hamper market growth.
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Fuel Dispenser Market 2020-2024: Segmentation
Fuel Dispenser Market is segmented as below:
Fuel Dispenser Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The fuel dispenser market report covers the following areas:
This study identifies the growing focus on reducing carbon footprint as one of the prime reasons driving the Fuel Dispenser Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Fuel Dispenser Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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DUBLIN--(BUSINESS WIRE)--The "Oil Accumulator - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
According to this report, the Global Oil Accumulator Market accounted for $522.71 million in 2019 and is expected to reach $878.17 million by 2027, growing at a CAGR of 6.7% during the forecast period.
Some of the factors such as shale gas exploration boom in the US and increasing usage of oil accumulator in various applications such as blow out preventer & well head control are propelling the market growth. However, issues related to transition to renewable sources of energy is hindering the market growth.
Oil Accumulator is a device that stores energy during the drilling procedure in the hydraulic system. It compresses a gas bladder which is charged to a little extent with hydraulic fluids. Through this process, energy gets stored. Oil Accumulator is used in mud pumps, blowout preventers, and drilling rigs. It is also called a hydro-pneumatic device, which majorly handles pressure arising from fluctuations, leakage compensation, noise reduction, and pulsation damping.
Based on the type, the bladder accumulator segment is going to have a lucrative growth during the forecast period owing to the rise in investment in onshore and offshore applications. Bladder accumulators are quite useful in different offshore applications and they own high durability.
By geography, North America is estimated to have a lucrative growth during the forecast period due to the leading countries, such as the US and Canada, which are immensely contributing to the growth of the oil accumulator market in the North America region.
Companies Mentioned
What the report offers:
Key Topics Covered:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of COVID-19
4 Porters Five Forces Analysis
4.1 Bargaining Power of Suppliers
4.2 Bargaining Power of Buyers
4.3 Threat of Substitutes
4.4 Threat of New Entrants
4.5 Competitive Rivalry
5 Global Oil Accumulator Market, By Pressure Rating
5.1 Introduction
5.2 Up to 6,000 Psi
5.3 Above 6,000 Psi
6 Global Oil Accumulator Market, By Type
6.1 Introduction
6.2 Bladder Accumulator
6.3 Diaphragm Accumulator
6.4 Piston Accumulator
7 Global Oil Accumulator Market, By Application
7.1 Introduction
7.2 Blow Out Preventer & Well Head Control
7.3 Mud Pumps
7.4 Offshore Rigs
7.5 Onshore
8 Global Oil Accumulator Market, By Geography
8.1 Introduction
8.2 North America
8.3 Europe
8.4 Asia-Pacific
8.5 South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launches
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/r/7kynuw
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$GRN #RNG--Greenlane Renewables Inc. (“Greenlane”) (TSXV: GRN / FSE: 52G) today announced that it has entered into an investor relations agreement with Bristol Capital Ltd. ("Bristol") to provide investor relations and communication services (the “Agreement”). Bristol will provide investor relations services to Greenlane, including introductions to Bristol's direct network of investment professionals, coordination of public events and proactive investor relations campaigns to increase Greenlane's exposure in the investment community.
Bristol has been retained for an initial term of twelve (12) months commencing on October 15, 2020 (“Effective Date”), with automatic renewal, subject to early termination under certain circumstances. In consideration of the services to be provided by Bristol, Greenlane will pay Bristol a monthly fee ranging from CDN$7,000 and CDN$10,000 depending on the level of services provided by Bristol to Greenlane in each month. In addition, Greenlane agreed to issue stock options to Bristol to acquire up to 150,000 common shares under Greenlane’s share option plan (the “Options”) with an exercise price equal to the closing price per Greenlane common share listed on the TSX Venture Exchange, following the expiration of the current blackout period which is expected to occur upon the release of Greenlane’s Q3 financial statements. A quarter of the Options shall vest every three (3) months for the initial term of the Agreement. The Company will continue to retain Incite Capital Markets for investor relations and communication services in addition to Bristol.
About Greenlane Renewables
Greenlane Renewables is a leading global provider of biogas upgrading systems that are helping decarbonize natural gas. Our systems produce clean, low-carbon renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies: water wash, pressure swing adsorption, and membrane separation. With over 30 years industry experience, patented proprietary technology, and over 100 biogas upgrading units supplied into 18 countries worldwide, including the world’s largest biogas upgrading facility, Greenlane is inspired by a commitment to helping waste producers improve their environmental impact, green credentials, and bottom line. For further information, please visit www.greenlanerenewables.com.
Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables
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COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion Inc. (“Hexion” or the “Company”) is strengthening its commitment to minimize its impact on climate change and develop more innovative sustainable products as part of its updated sustainability goals for 2020 and beyond.
“Our focus on sustainability and the societal trends we see is greater than ever before,” said Craig Rogerson, Chairman, President and Chief Executive Officer. “Faced with a global pandemic, climate change and opportunities surrounding diversity, equity and inclusion, we continue to focus our efforts on making a positive impact while accelerating our growth. These new goals strengthen our long-standing commitment to sustainability and delivering on our strategic approach to ‘Responsible Chemistry,’ which includes supporting our associates, customers and communities.”
Earlier this year, the Company completed an updated materiality assessment where it engaged with various internal and external stakeholders. From that assessment, the Company determined its most important areas of focus. While not limiting its sustainability efforts to these focus areas alone, these topics drove bold goal discussions and included:
“Meaningful impact is driven by action more than intent, which is why Hexion completed a materiality assessment in 2020 as part of its ongoing sustainability strategic planning initiatives,” said Stephanie Couhig, Senior Vice President, Environmental, Health and Safety, Hexion. “By focusing efforts on these goals, Hexion can make a positive change. From demand for energy efficiency to creating bio-based and circular products, chemistry can play an important role in addressing climate change as we positively address our carbon footprint.”
Work continues to establish an aspirational goal around climate change and Greenhouse Gas emission reductions, as well as assembling Hexion’s Scope 3 emissions. All are expected to be finalized in the first quarter of 2021.
For more about Hexion’s updated Sustainability goals, visit www.hexion.com/sustainability.
About the Company
Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, composites and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc., its products and sustainability is available at www.hexion.com.
John Kompa
614-225-2223
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Mike Montooth
614-225-2140
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ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC), a leading provider of distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets in the public and private sectors, today announced that it will issue third quarter 2020 results after market close on Wednesday, October 28, 2020. A conference call will be held Thursday, October 29, 2020 at 8:30 A.M. EST to review the Company’s financial results, discuss recent events and conduct a question-and-answer session.
A webcast of the conference call and accompanying presentation materials will be available in the Investor Relations section of VSE’s website at https://ir.vsecorp.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.
To participate in the live teleconference:
Domestic Live: (877) 407-0789
International Live: (201) 689-8562
Audio Webcast: http://public.viavid.com/index.php?id=141402
To listen to a replay of the teleconference through November 12, 2020:
Domestic Replay: (844) 512-2921
International Replay: (412) 317-6671
Replay PIN Number: 13709168
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s services and products, visit us at www.vsecorp.com.
FORWARD LOOKING STATEMENTS
This release contains statements that, to the extent they are not recitations of historical fact, constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward-looking statements in this news release, see VSE’s public filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and VSE specifically disclaims any obligation to update these statements in the future.
INVESTOR RELATIONS CONTACT: Noel Ryan | Phone: 720.778.2415 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Pace of Adoption to Rapidly Accelerate as Customers Focus on Key Benefits Including Reduced Total Cost of Ownership, Simplifying complexities and Minimizing Downtimes
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, unveiled new survey findings that explore the strong, growing interest among customers in moving IT operations to the cloud. Leveraging a SaaS delivery model allows ports to eliminate hidden costs and unscheduled downtime at the terminal and grants terminal managers the freedom to do what they do best — focus on running operations. Recent reports note that industry adoption of SaaS is expected to increase to 67% within the next five years and these findings are echoed by Navis’ survey, which found that market interest in cloud solutions has raised nearly 40% compared to last year (54% in 2019 vs. 93% in 2020), with 79% of respondents having an existing timeline to move or considering moving to the cloud.
The results from the survey, titled “Understanding Your Terminal Strategy with Cloud-based Technologies” gathered from 79 Navis N4 customers, provide insight on the current level of interest and projected timelines for moving their TOS and other terminal applications to the cloud, the key benefits customers anticipate as well as the myths and concerns associated with the move. Navis customers are among those actively exploring their options and mapping future strategies that include the cloud:
“Cloud-based solutions and SaaS offerings are gaining momentum in the shipping industry as we have seen with Octopi by Navis for smaller terminals. Now, larger terminals are increasingly looking at how terminal operating solutions can further optimize their operations and save them time and money,” said Andy Barrons, Chief Strategy Officer at Navis. “Solutions like Navis N4 SaaS and Octopi by Navis provide our customers with the complete package to not only streamline day-to-day operations utilizing the cloud, but lay the groundwork for continuous terminal innovation moving forward. As we saw in our survey, terminals are beginning to explore the many benefits that a SaaS solution provides and we’re excited to partner with our customers as they make this important transition.”
While a majority of the industry still operates on-premise software solutions, Navis customers realize the tangible benefits to be achieved by putting the TOS in the cloud. Among the survey responses, the top benefits expected when moving to the cloud include increased cost savings, greater stability and reliability, ease of upgrades, as well as transitioning TOS monitoring and management to a managed service provider.
For more information about N4 SaaS, please visit: https://www.navis.com/en/products/terminal-solutions/n4-saas/
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec's sales in 2019 totalled approximately EUR 3.7 billion and it employs around 12,000 people. www.cargotec.com
Jennifer Grinold
Navis, LLC
T+1 510 267 5002
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Geena Pickering
Affect
T+1 212 398 9680
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Former Senior Vice President of Sembcorp Industries brings 25 years of diverse energy and leadership experience with global companies
LONDON & ALEXANDRIA, Va.--(BUSINESS WIRE)--Highview Power, a global leader in long duration energy storage solutions, has named Nomi Ahmad its Chief Financial Officer effective Jan. 1, 2021.
“Nomi possesses more than 25 years of significant experience across power development, project finance, mergers and acquisitions, engineering procurement and construction and asset management globally,” said Javier Cavada, CEO and President of Highview Power. “I am pleased to welcome someone of Nomi’s calibre to Highview Power’s already impressive leadership team.”
Ahmad joins Highview Power from Sembcorp Industries Ltd, where he most recently served as Senior Vice President after leading Sembcorp Energy UK (SEUK). Under Ahmad’s leadership, Sembcorp acquired and integrated the UK’s largest decentralised energy platform and successfully positioned SEUK as a major power player with a diverse technology base of renewable, combined heat and power, rapid response gas engine and battery assets across more than 40 sites, providing centralized utilities to large industrial customers and ancillary/balancing services to the grid with advanced merchant capability. Over the course of his career, Ahmad has originated, developed, financed, built and divested power projects totaling 9.5 gigawatts. Prior to joining Sembcorp, Ahmad held roles of increasing seniority at Wärtsilä Corporation, El Paso Energy, Lanco Infratech, Smith Cogeneration and Kidder Peabody. Ahmad earned a Bachelor of Science in Computer Science and Business Economics from Brown University.
“I am thrilled to join Highview Power and look forward to working with the team to drive development of liquid air energy storage projects around the world,” said Nomi Ahmad, Chief Financial Officer of Highview Power. “This is an exciting time for clean energy, and Highview’s Power’s technology will play a critical role in stabilizing the grid and delivering resiliency to markets around the world whilst enabling the global transition to decarbonisation.”
About Highview Power
Highview Power is a designer and developer of the CRYOBattery™, a proprietary cryogenic energy storage system that delivers reliable and cost-effective long-duration energy storage to enable a 100 percent renewable energy future. Its proprietary technology uses liquid air as the storage medium and can deliver anywhere from 20 MW/100 MWh to more than 200 MW/2 GWh of energy and has a lifespan over 30 years. Developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power. For more information, please visit: http://www.highviewpower.com.
Wendy Prabhu
Mercom Communications, a division of Mercom Capital Group
1-512-215-4452 | This email address is being protected from spambots. You need JavaScript enabled to view it.
LOS ANGELES--(BUSINESS WIRE)--#EVs--Fisker Inc. (“Fisker”) today announced it is entering into agreements with Magna International Inc. (“Magna”) that provide the framework for strategic platform sharing and manufacturing cooperation for the Fisker Ocean SUV.
Henrik Fisker, chairman and chief executive officer of Fisker, stated, “We chose to leverage the Magna EV architecture after detailed due diligence on several options – and in consideration of our own product and technology strategy. Further, having Magna take such a committed position in the project and our company demonstrates the depth of this cooperation. Combined with our own Fisker developed IP, the new FM29 platform is projected to deliver class-leading range, interior space with third-row seating and overall vehicle performance. These factors, combined with capital investments, Bill of Materials and manufacturing costs, will enable us to deliver the Ocean to market at a starting MSRP of $37,499.”
The Fisker Ocean will initially be manufactured exclusively by Magna in Europe, where it currently produces several high-quality vehicles on behalf of global brands. Magna has decades of experience in vehicle production, having produced more than 3.7 million vehicles of 30 different models. Magna and Fisker have agreed to work together to continue to develop new technologies that will accelerate innovation across multiple automotive systems and architectures for Fisker vehicles.
Using Fisker-Flexible Platform Adaptive Design (FF-PAD), Fisker’s design, engineering and software teams will integrate Magna EV architecture with the award-winning exterior design of the Ocean. The new FM29 lightweight aluminum-intensive platform is the basis not only for the Ocean – but may also be the basis for future vehicles.
Swamy Kotagiri, president of Magna International, added, “We are very happy to be able to work with Fisker on such an exciting sustainable product and to see what additional opportunities this cooperation may bring. This is a great example of our strategy to leverage our strong portfolio to scale for future mobility needs and utilize our full vehicle engineering and manufacturing capabilities. This is a unique competitive position for us, particularly with new mobility players and OEMs seeking to expand their electrified offerings.”
“This relationship with Magna marks an important milestone for Fisker as the company continues to make progress towards achieving its future goals. We are confident that Fisker will continue this positive momentum as we work towards the close of our transaction and beyond,” said Geoffrey Strong, chairman and chief executive officer of Spartan Energy Acquisition Corporation (NYSE: SPAQ) (“Spartan”) and senior partner, co-head of infrastructure and natural resources at Apollo Global Management, Inc. (NYSE:APO).
For additional information regarding Fisker’s agreements with Magna, please refer to the supplemental proxy materials to be filed by Spartan with the U.S. Securities and Exchange Commission on Oct. 15, 2020.
For more information, or for interview inquiries, contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more and to reserve the all-electric Fisker Ocean, visit www.FiskerInc.com.
Forward Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, regarding Spartan’s proposed acquisition of Fisker, Spartan’s ability to consummate the transaction, the benefits of the transaction and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Spartan and Fisker disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Spartan and Fisker caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of either Spartan or Fisker. In addition, Spartan cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings that may be instituted against Spartan or Fisker following announcement of the transactions; (iii) the inability to complete the business combination due to the failure to obtain approval of the shareholders of Spartan, or other conditions to closing in the transaction agreement; (iv) the risk that the proposed business combination disrupts Spartan’s or Fisker’s current plans and operations as a result of the announcement of the transactions; (v) Fisker’s ability to realize the anticipated benefits of the business combination, which may be affected by, among other things, competition and the ability of Fisker to grow and manage growth profitably following the business combination; (vi) costs related to the business combination; (vii) changes in applicable laws or regulations; and (viii) the possibility that Fisker may be adversely affected by other economic, business, and/or competitive factors. Should one or more of the risks or uncertainties described in this press release, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in Spartan’s periodic filings with the Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and other SEC filings. Spartan’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
Important Information for Investors and Shareholders
In connection with the proposed business combination, Spartan Energy Acquisition Corp. has filed a definitive proxy statement with the SEC. Additionally, Spartan Energy Acquisition Corp. will file other relevant materials, including supplements to the definitive proxy statement, with the SEC in connection with the business combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. Security holders of Spartan Energy Acquisition Corp. are urged to read the definitive proxy statement (and any supplements thereto) and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Participants in the Solicitation
Spartan Energy Acquisition Corp. and its directors and officers may be deemed participants in the solicitation of proxies of Spartan’s shareholders in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Spartan’s executive officers and directors in the solicitation by reading Spartan’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and the definitive proxy statement and other relevant materials filed with the SEC in connection with the business combination. Information concerning the interests of Spartan’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, are set forth in the definitive proxy statement relating to the business combination.
Fisker Inc.
Andrew de Lara
310.374.6177
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“New Fortress” or the “Company”) announced today that it has signed a Memorandum of Understanding (“MOU”) with the Philippine National Oil Company (“PNOC”) to advance the development of infrastructure to supply reliable, cost-competitive power and natural gas into the Philippine market, for the benefit of the country and the Filipino people.
Under the MOU, PNOC and NFE will work together to identify potential opportunities to accelerate the development of important LNG and power infrastructure in the country, leveraging future investments to build a new and durable LNG value chain in the Philippines capable of generating jobs, revenue and opportunity far beyond prospective terminal or power plant sites.
“The memorandum will enable cleaner, more affordable and more reliable energy for the people of the Philippines,” said Wes Edens, CEO and Chairman of NFE. “Increasing access to power across the islands at a rapid pace will create significant growth opportunities. We look forward to working closely with our partners at PNOC and the government to bring more reliable power and help accelerate the clean energy transition.”
The MOU was signed October 14, 2020 in a virtual ceremony that featured PNOC President and CEO Admiral Reuben S. Lista (Ret) and New Fortress Chairman and CEO Wes Edens. Secretary of Energy, Alfonso G. Cusi, who is also the ex-officio Chairman of the Board of PNOC, was also present to extend the Department of Energy’s support to the cooperation.
“We are confident that, with this cooperation with New Fortress Energy, PNOC will find meaningful ways to contribute to achieving energy security and stability in the country,” said Admiral Lista. “NFE can help us bridge the gaps in the value chain for a robust LNG industry and enable us to take that giant leap towards the realization of the Philippines’ potential as a strategic LNG hub for the Asia-Pacific region.”
State-run PNOC was already in the process of competitive selection for a partner for a LNG Terminal Project when it was shelved in December 2018 in light of increased private sector interest to undertake, on its own, the entire project. The decision was intended to demonstrate the government’s policy to encourage private capital investment without prejudice to PNOC’s assumed role as the catalyst to develop and establish a growing value chain for the LNG in the country.
The MOU is non-binding on the parties, and actual terms of any future definitive agreement may differ from the terms of the MOU.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” including but not limited to the Company’s plans to build LNG and power infrastructure in the Philippines, the investment’s capability of generating jobs, revenue and opportunity, the ability of the MOU to enable cleaner, more affordable and more reliable energy, increasing access to power in the Philippines rapidly or at all, and accelerating the clean energy transition of the Philippines, the ability of PNOC to work with NFE to find ways to achieve energy security and stability or realize the potential of the Philippines as a strategic hub for LNG, and the plans for NFE and PNOC to develop a future definitive agreement. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the ability and willingness of the Company and PNOC to enter into a binding agreement on favorable terms or at all, the difficulty in predicting the timing or outcome of any proposed project including those discussed in this press release, the market price for natural gas and alternative fuels, the timing to completion, cost, capacity, dispatch rate and heat rate of any proposed project, and the ability of NFE and PNOC to continue to build an LNG value chain or leverage LNG as part of an energy transition in the Philippines even if any intial project is successful on its own. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in the Company’s annual and quarterly reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement.
IR:
Alan Andreini
(212) 798-6128
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Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its third quarter 2020 earnings release after market close on Wednesday, November 4, 2020. The Company will host a conference call to discuss financial and operational results on Thursday, November 5, 2020 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
The call will be webcast on Cactus’ website at www.CactusWHD.com. Institutional investors and analysts may participate by dialing (866) 670-2203. International parties may dial (630) 489-9861. The access code is 9195227. Please access the webcast or dial in for the call at least 10 minutes ahead of start time to ensure a proper connection.
An archived webcast of the conference call will be available on the Company’s website shortly after the end of the call.
About Cactus, Inc.
Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Cactus operates service centers in the United States, which are strategically located in the key oil and gas producing regions, including the Permian, SCOOP/STACK, Marcellus, Utica, Eagle Ford and Bakken, among other areas, and in Eastern Australia.
Cactus, Inc.
John Fitzgerald, 713-904-4655
Director of Corporate Development and Investor Relations
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New features in GPS 24xd marine antenna provide heading and positioning accuracy to within 1 meter
OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the world’s leading marine electronics manufacturer1, today announced the GPS 24xd marine position receiver and antenna with multi-band GPS, offering mariners the most advanced positioning and heading data available. The GPS 24xd utilizes both L1 and L5 frequencies, along with multi-constellation support (GPS, Galileo2, GLONASS, BeiDou2), to provide multi-band GPS capability enabling location accuracy within 1 meter. Thanks to built-in magnetic heading sensors, it’s possible to pinpoint heading within 3 degrees, which in turn delivers optimum chart stability, radar overlay and mini-automatic radar plotting aid (MARPA), even at slower speeds.
“We remain ambitious about our mission to provide the most innovative and cutting-edge marine technology on the market today, and we believe that the GPS 24xd is a testament to that commitment,” said Dan Bartel, Garmin vice president of global consumer sales. “Using innovative multi-band GPS, we are confident that the new GPS 24xd will provide Garmin customers with the highest level of reliability and precision for their cruising, fishing and sailing adventures.”
Advanced Positional Performance
Mariners can now experience the unrivaled accuracy of the GPS 24xd antenna while cruising the water at any speed. Built on the foundation of the existing GPS 19x, the GPS 24xd offers revolutionary multi-band technology, the first of its kind in the consumer marine industry, and 10Hz position update rates for the finest high sensitivity tracking the market has to offer. These new features are accompanied by expanded compatibility with GPS, Galileo2, GLONASS and BeiDou2 satellite constellations to provide boaters across the globe with consumer market-leading accuracy on the water, no matter the condition, distance or destination.
Reliable Magnetic Heading
An added magnetic heading sensor allows boaters to better maintain chart stability and radar overlay, regardless of speed. By delivering heading accuracy within +/- 3 degrees, this magnetic sensor makes the GPS 24xd ideal for slow cruising, when GPS COG (Course Over Ground) data can become less reliable.
Multi-SBAS Compatibility
To further its high sensitivity tracking on the water, the GPS 24xd includes Multi-SBAS (Satellite-Based Augmentation System) compatibility to correct signal measurement errors and provide rich information regarding signal accuracy, integrity, continuity and availability. This extended compatibility ensures that boaters always know exactly where they are headed while navigating to their next waypoint.
Pricing and Availability
The GPS 24xd series is available now with a suggested retail price of $299.99, which includes a pole mount, surface mount and under-deck mount for easy installation on any boat. It’s available for both NMEA 2000® and NMEA 0183-capable Garmin marine chartplotters, including the award-winning GPSMAP® series. For more information, visit www.garmin.com.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most sophisticated marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the sixth consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Fusion® and Navionics®. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
1 Based on 2019 reported sales
2 Supported when available
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, GPSMAP Fusion and Navionics are registered trademarks of Garmin Ltd. or its subsidiaries.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 28, 2019, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Category: Marine
Riley Swickard
913-397-8200
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Six early-stage startups showcase hardware and software technology solutions to combat climate change and to build equitable, sustainable cities
BROOKLYN, N.Y.--(BUSINESS WIRE)--URBAN-X, the leading accelerator for startups reimagining city life backed by MINI and Urban Us, today graduates its eighth cohort of companies during a virtual Demo Day that closes out the 20-week, intensive program. From cities across the globe, six founders present their solutions online to an audience of investors, customers and public-sector leaders, showcasing hardware and software solutions across climate change, mobility and logistics, energy and water.
Demo Day 08 comes as the U.S. is experiencing unprecedented environmental events, such as a record-breaking wildfire season and intensifying hurricanes -- paired with a pandemic that has further underscored the economic and social inequalities due to centuries of environmental injustice. With cities looking for new solutions to a growing list of complex issues, the founders in Cohort 08 are showcasing innovations to both combat climate change and to build more equitable and sustainable cities. Cohort 08 solutions include robots that roam the land to sequester carbon; 10x cheaper EV charging without wires; smart intersections that cut congestion by 50%; algorithms for EV purchase intent and optimized charging infrastructure; an API to instantly optimize logistics; and the world’s largest database of hyperlocal water quality data.
“We are in the midst of regulatory and technological breakthroughs that are enabling a new generation of leaders to build our cities for the better,” said URBAN-X Managing Director, Micah Kotch. “The founders in Cohort 08 are rethinking outdated systems, renewing inefficient infrastructure and creating the foundation for more equitable urban systems, all during one of the most challenging times we’ve seen in decades. We couldn’t be more proud of this group of entrepreneurs.”
URBAN-X, launched by MINI in 2016 as part of the brand’s innovation practice and in partnership with venture firm Urban Us, twice a year invests up to $150,000 in up to 10 companies building solutions to address climate change and other challenges facing cities today. Today’s event marks the start of teams seeking additional investment to grow their companies, and serves as a demonstration of the product and business development milestones hit during URBAN-X’s accelerator program. The event will be livestreamed on YouTube and Facebook beginning at 1:00 p.m. ET.
The full list of Cohort 08 companies include:
“MINI was built on a foundation of qualities as a sustainable solution to the mobility challenges of its time” said Bernd Koerber, Senior Vice President MINI. “These qualities, to which we remained true to since 1959, are particularly important today and are evident in the founders of Cohort 08. We look forward to their future successes in bringing positive impact on urban innovation.”
URBAN-X has a proven track record in helping early-stage companies secure funding from leading investors. In fact, 80% of URBAN-X companies have gone on to raise their next round of capital. This month, Cohort 06 alum, cove.tool, a building design platform for automated performance and cost, announced $5.7 million in Series A funding. In addition, Evolve Energy, a wholesale energy company and another Cohort 06 company, was recently acquired by Octopus Energy, a UK-based energy retailer valued at over $1 billion, to accelerate the green energy future in the U.S.
“We depend on founders to work at the edge of science fiction and reality to explore new approaches to upgrade cities for climate. When they succeed they will do much more than generate investor returns - they will inform city and climate policy and generate public benefits from GHG reductions to clean drinking water.” said Shaun Abrahamson, URBAN-X Investment Committee and Managing Partner at Urban Us. “Founders have had to quickly adjust to a post Covid world that has changed how they build, sell and raise funds. In spite of these changes, this cohort is thriving and we’re excited for more people to learn about what they’re building.”
In addition to investments that URBAN-X and Urban Us made as part of the accelerator program, fundsURBAN-X co-investors include 360 Capital, Baidu Ventures, Brad Burnham, BMW i Ventures, Close Loop Partners, Congruent Ventures, Draper Associates, Edgar Bronfman Jr., Fontinalis Partners, Fred Wilson, Google, Khosla Ventures, Mark Cuban, Mucker Capital, Notation Capital, Point72 Ventures, Robert Bosch VC, Root, Samsung NEXT, Softbank, Story Ventures, Wireframe Ventures, and UL Ventures.
Applications for URBAN-X Cohort 09 are open until October 22nd. The program will run from December 2020 to April 2021. URBAN-X looks for the brightest startups creating disruptive and scalable solutions across sectors such as mobility and transportation, real estate, infrastructure, safety, food and water, energy, public health and more. Interested founders should apply here.
About URBAN-X
URBAN-X is the leading accelerator for technology and design startups reimagining city life. Founded by MINI, URBAN-X helps early-stage companies from all over the world address modern urban challenges across sectors like transport, real estate, local government, food, water, waste and utilities.
Twice a year, URBAN-X selects up to 10 startups for its competitive, five-month program of product and business development. The accelerator invests $150,000 in each startup and puts them to work with a dedicated, in-house team of engineering, design and business experts; and culminates in founders presenting to an audience of investors, thought leaders and media.
URBAN-X has a global reach unparalleled by any other urbantech accelerator and the startups have access to a network of over 2,000 partners around the world, including entrepreneurs, investors and public-sector leaders, who have volunteered to support the founders through the URBAN-X program. Find URBAN-X on Twitter & Instagram at @urbanxaccel and on Facebook at facebook.com/urbanxaccel.
About MINI in the US
MINI is an independent brand of the BMW Group. In the United States, MINI USA operates as a business unit of BMW of North America, LLC, located in Woodcliff Lake, New Jersey and includes the marketing and sales organizations for the MINI brand. The MINI USA sales organization is represented by a network of 120 MINI passenger car dealers located throughout the US. MINI USA began selling vehicles in the U.S. in 2002 with the introduction of the MINI Cooper and MINI Cooper S Hardtops. Since then, the MINI Brand in the U.S. has grown to encompass a model range of five unique vehicles.
Journalist note: Media information about MINI and its products is available to journalists on-line at www.miniusanews.com.
About Urban Us
Urban Us is the leading early stage investor for startups upgrading cities for climate change. Urban Us was founded in 2013 because we concluded that startups would play an outsized role in re-imagining the core sectors used to design, build, and operate cities. Investments like Onewheel, Rachio, Bowery Farming, One Concern, Thrilling, Cove Tool and Starcity are leading the way in areas like electrification of mobility, high performance building design, resilient food supplies and natural hazard risk management.
The Urban Us platform includes the Urban Us network, a resource for founders, investors, partners and customers. URBAN-X, in partnership with MINI, supports early stage teams with company building and fundraising. Urban Us VC makes pre-seed and seed venture investments. Urban Us Credit serves teams needing access to all forms of non-equity capital for project finance, asset finance and inventory finance. Urban Gateway supports startups business development in Asia.
Urban Us partners were ranked in the top 11 of nearly 400 investors in The VCs who founders love the most by TechCrunch. Previously the team worked for Citigroup, Goldman Sachs, First Round Capital and Roosevelt Institute and graduated from Harvard, MIT, Georgia Tech, NYU and UPenn.
Molly Hendriksen
BerlinRosen
646.200.5303
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ANNAPOLIS, Md.--(BUSINESS WIRE)--CleanBay Renewables Inc. (CleanBay), an enviro-tech company focused on the production of sustainable renewable natural gas and organic fertilizer, today announced the selection of Evoqua Water Technologies LLC (NYSE: AQUA), an industry leader in mission-critical water treatment solutions, as a key partner for its Westover, Maryland bio-refinery.
Evoqua and CleanBay are currently in negotiations for Evoqua to provide its field-proven anaerobic digestion and water treatment technology for CleanBay’s Westover facility, which is anticipated to recycle more than 150,000 tons of chicken litter annually and convert it into renewable natural gas, renewable electricity and a nutrient-rich fertilizer product. Based on their stellar track record and significant past performance, Evoqua has also been selected to negotiate an agreement to serve as the facility’s long-term operations and maintenance service provider.
“After an exhaustive market assessment, Evoqua has proven to be the best solution to help us meet our environmental and economic goals,” said Thomas Spangler, CleanBay Renewables’ Executive Chairman. “The expertise they’ve acquired from over 100 years in the water industry made our selection an easy one. We look forward to working together to provide the Delmarva community with renewable natural gas and organic fertilizer they can count on, as well as offer a solution to the poultry industry that contributes toward the environmental sustainability objectives they’ve been working so hard to achieve.”
Evoqua has over 200,000 installations worldwide, with over 2,500 anaerobic digesters in North America. The company’s world-class expertise and ever-expanding portfolio of products has established Evoqua as a trusted advisor to municipal, industrial and recreational customers and has earned a reputation for quality, safety and reliability worldwide.
“We are pleased to have the opportunity to provide our breadth of experience in water treatment and anaerobic digestion to help CleanBay meet their sustainability goals,” said Rodney Aulick, Evoqua’s Executive Vice President, Integrated Solutions & Services. “Through this partnership we will not only create renewable energy and organic fertilizer, but we will also take CleanBay’s sustainability one step further by applying our zero-liquid discharge approach.”
CleanBay offers a unique solution to the environmental challenges faced by the food and agriculture sectors. By recycling poultry byproducts, CleanBay is decreasing air, land and water pollution while simultaneously creating a renewable energy source and an organic fertilizer. Further, the humic acid contained within the organic fertilizer product will enable additional carbon reduction through soil remediation.
“Our process closes the sustainability loop by converting poultry litter into a polished fertilizer product and returning it back to the farming community to support further crop development and healthy soils,” said Donal Buckley, CleanBay’s Chief Executive Officer. “As we continue to develop new facilities, we will rapidly become one of the largest single sources for organic fertilizer in the country.”
Construction of the Westover facility is expected to begin later this year.
About CleanBay Renewables Inc.
Founded in 2013, CleanBay Renewables Inc. is an enviro-tech company that harnesses science, technology and economics to tilt the balance back in favor of nature, while protecting the agricultural sector that provides a vital service to humanity. For more information, visit https://cleanbayrenewables.com.
About Evoqua Water Technologies
Evoqua Water Technologies is a leading provider of mission-critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 160 locations across ten countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life. For more information, visit: https://www.evoqua.com
Andy Hallmark
Outreach Director
CleanBay Renewables
410.514.6488
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LONDON--(BUSINESS WIRE)--#DieselFuelMarket--The diesel fuel market is poised to grow by USD 92.15 billion during 2020-2024, progressing at a CAGR of over 1% during the forecast period.
The report on the diesel fuel market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing oil and gas E&P investments.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Download Free Sample Report on COVID-19 Recovery Analysis
The diesel fuel market analysis includes the end-user segment and geographic landscapes. This study identifies the increasing adoption of hybrid power systems as one of the prime reasons driving the diesel fuel market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The diesel fuel market covers the following areas:
Diesel Fuel Market Sizing
Diesel Fuel Market Forecast
Diesel Fuel Market Industry Analysis
Companies Mentioned
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Website: www.technavio.com/
PLEASANTON, Calif.--(BUSINESS WIRE)--#coldchain--DeltaTrak® introduces its new FlashLink RTL Prime 3G-2T In-Transit Logger at PMA Fresh Summit, Fruit Attraction LIVEConnect, and Asia Fruit Logistica.
FlashLink RTL Prime 3G-2T In-Transit Logger, Model 22367, is the first of its kind. With its unique 15m/50ft external and internal sensor combination, one logger can monitor supply air temperature in real-time, while also recording temperature at the back of the container. Additionally, this unit tracks location and light, automatically uploading information 24/7 to FlashTrak cloud service, which is accessible from any internet-enabled device. Both sets of temperature data and light readings are displayed in one graph, along with the shipping route and geofence alert notice when the ship arrives into port.
According to DeltaTrak President and CEO, Frederick Wu, “There’s no other real-time data logger on the market that offers this solution. It gives exporters the additional benefit of comparing real time supply air temperatures for the front and back of the container on a single graph from one logger. You can easily see if measurements are within a three-degree difference, and if your shipment was within proper contracted temperature limits. When there is a problem, this data is key evidence to expedite investigations for insurance claims. Comparing the supply air temperature to the carrier’s temperature data will help determine if cargo damage was caused due to reefer equipment performance or other possible issues, like air flow obstructions,” says Mr. Wu.
FlashLink RTL Prime 3G-2T features a light sensor which sends notifications whenever container doors are opened, alerting stakeholders to tampering or other unauthorized access. All FlashLink RTL models have on-board, fail-safe memory, which records data every 10 minutes. Backup downloadable PDF reports are available via a standard micro USB adapter cable. Access to data in the cloud gives exporters the visibility to make immediate decisions, assurance of HACCP/FSMA compliance and insurance claim protection.
About DeltaTrak®
DeltaTrak® is a leading innovator of cold chain management, environmental monitoring and food safety solutions for the food, produce, life science, and chemical industries. Contact DeltaTrak® by phone at 1-800-962-6776 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.. Additional information can be found at www.deltatrak.com.
Alex Kingston
Marketing
DeltaTrak, Inc.
Voice: (925) 249-2250
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
ANG also executes pre-order agreement to purchase up to 250 Hypertruck ERX vehicles
AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Inc. (Hyliion), a leader in electrified powertrain solutions for Class 8 commercial vehicles, and American Natural Gas, Inc. (ANG), an industry-leading alternative fuel provider, announced today a partnership agreement that offers Hyliion customers discounted pricing for renewable natural gas (RNG) at ANG fueling stations across the country. For qualifying fleet customers, ANG has also agreed to build new fueling stations near Hyliion’s customer locations with no upfront capital costs to such customers.
Hyliion and ANG also entered into a sales agreement that includes a pre-order of up to 250 Hypertruck ERX vehicles, allowing for early availability of Hyliion’s fully electric powertrain to ANG and its fleet customers. Using RNG, the Hypertruck ERX is an electric solution for Class 8 vehicles that offers a net-negative carbon emissions profile and the lowest total cost of ownership over the life of the vehicle compared to current competitive offerings.
“As a leading supplier of RNG, we are committed to helping our customers—which include more than 200 fleets and several of the nation’s largest fleets—choose greener, more efficient fuel alternatives while improving the overall fueling experience for drivers across the country,” said Drew West, CEO and founder of ANG. “With the Hypertruck ERX, fleets can leverage RNG—the least carbon-intensive alternative fuel—to reduce their carbon footprint, achieve corporate sustainability goals and realize critical cost savings.”
In addition to offering Hyliion and its customers discounted natural gas pricing, ANG agreed to provide up to 100 percent RNG across its national network of fueling stations. Leveraging ANG’s refueling infrastructure, Hyliion customers will be able to conveniently access a cleaner, more sustainable fuel source at a cost significantly less than current diesel, hydrogen fuel cell or grid electricity pricing.
“A robust and highly scalable infrastructure is critical to the adoption of our electrified solutions,” said Thomas Healy, CEO and founder of Hyliion. “That’s why we’re working with ANG to reduce costs and enable us to offer our customers refueling stations where they are needed. Hyliion customers can continue their journeys to electrification with confidence that RNG will be available at a price that can reduce their ownership costs over the lifetime of their vehicles.”
With more than 700 stations nationwide operated by ANG and other fueling providers, the natural gas refueling infrastructure supports the needs of long-haul fleets without the range anxiety impacting other commercial electric vehicle solutions in development. Through the partnership agreement, ANG will provide Hyliion’s qualifying Hypertruck ERX customers with a fueling station upon request at no upfront capital cost to the fleet. All of ANG’s stations are built with the compression needed to sustain short refuel times for Class 8 vehicles equivalent to those of diesel refueling.
For more information on Hyliion, visit www.hyliion.com.
About Hyliion
A wholly owned subsidiary of Hyliion Holdings Corp. (NYSE: HYLN), Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of commercial transportation Class 8 vehicles by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, it designs, develops and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial vehicles, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.
About American Natural Gas
American Natural Gas, Inc. (ANG), a subsidiary of Beyond6, Inc. (Beyond Carbon), delivers turnkey fueling solutions to fleets of all shapes and sizes. ANG is a premier distributor of alternative motor fuels in the US. ANG designs, builds, owns, operates and maintains a growing network of alternative energy stations across the county. ANG’s mission is to make renewable natural gas and other alternative energy options readily available for commercial and public use nationwide. ANG’s team of industry, legal, construction, engineering and entrepreneurial experts is committed to driving the alternative fuel industry forward. ANG provides the best solution possible to meet and exceed its customer’s sustainability goals. For more information, visit www.beyond6.com.
Danielle South
Red Fan Communications
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DUBLIN--(BUSINESS WIRE)--The "Global Fuel Oil Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The fuel oil market is poised to grow by $ 84.77 billion during 2020-2024 progressing at a CAGR of -13% during the forecast period.
The reports on fuel oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in world energy demand and increase in oil and gas E&P investments.
The fuel oil market analysis includes application segment and geographic landscapes. This study identifies the rise in world refining capacity as one of the prime reasons driving the fuel oil market growth during the next few years.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Companies Mentioned
The fuel oil market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influences. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.
This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Application
6. Customer Landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/wf3iwb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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4,386 modules produce 2,044,000 kWh of electricity
HARVARD, Ill.--(BUSINESS WIRE)--#greenenergy--Pedigree Ovens and The Pound Bakery, located in Arrowhead Industrial Park, Harvard, Illinois, has completed installation of a 200,000 sq. ft. solar panel array, powering 100% of the pet food manufacturer’s energy needs.
In 2018, Pedigree Ovens and The Pound Bakery finished construction of their 212,000 sq. ft. facility, supporting the company’s rapid growth as a provider of large and small batch, handcrafted pet treats. During planning, the company committed to continually making improvements to minimize their impact on the environment.
“Switching to a solar energy source is not only substantial for our business, but for our environment as well,” said Pedigree Ovens and The Pound Bakery owner, Kurt Stricker. “Installing these panels is another step in our progress to make our operations more sustainable.”
Calling the project “pawesome”, Stricker said the installation is handcrafted like its food and treats and represents the company’s love for dogs
“It’s a perfect statement about everything that we do and care about,” said Striker, referring to the custom black-on-black-on-black solar modules’ shape of a paw print and dog bone, and to the significant reduction in the company’s carbon footprint.
The manufacturer worked with Simpleray to design the 1.703 kW system, built with 4,386 solar modules. The panels produce 2,044,000 kWh of electricity annually, saving energy costs and offsetting 1,456 tons of greenhouse gases. The 51,000,000 kWh produced over the next 25 years is equivalent to 9,00 metric tons of CO2, the power used to charge 1.15 billion smartphones, 22,090,165 miles driven by a passenger vehicle, and prevents 50 rail cars of coal from being burned.
“We are excited to have sustainable energy to support our sustainable products and contribute to a clean energy future for our community,” said Stricker.
Installation took three months and was unveiled during National Clean Energy Week (9/21-25) on approximately 4.5 acres. The original plan called for installing panels on the roof, but was revised in consideration of future expansion.
Pedigree Ovens, The Pound Bakery and PetDine are industry-leading pet consumable manufacturers specializing in all-natural dog food and treats since 1996, baking healthy dog food and treats for leading brands and top-of-the-line private labels for over 20 years. To learn more, visit www.thepoundbakery.com.
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Technology creates continuous strain profiles with microscopic detail that increases the safety and production efficiency of subsurface oil and gas systems
ROANOKE, Va.--(BUSINESS WIRE)--#CHISL--Luna Innovations Inc. (NASDAQ: LUNA) today announced that, working in partnership with Shell’s GameChanger™ early-stage-technologies program, it has developed an innovative concept for measuring in-situ stresses in subsurface rock using its fiber optic sensing solutions. When deployed, this technique would provide critical measurements with unmatched consistency and depth resolution, allowing safer and more efficient well operations.
Businesses that rely on underground operations, such as the petroleum and geothermal industries, require accurate estimates of in-situ stress, which refers to the existing pressure that exists underground before a hole is drilled. This affects drilling, surveying, and fluid injection (hydraulic fracturing, water flooding, CO2 sequestration) as well as phenomena such as fault re-activation and induced seismicity.
The new technology, Luna’s Continuous Horizontal In-situ Stress Logger (CHISL), uses Luna’s high-definition fiber optic sensing (HD-FOS) and ODiSI® product to obtain direct, high-resolution strain measurements of induced micro-fractures and borehole deformation. New algorithms then process the strain measurements at the borehole to estimate in-situ maximum and minimum horizontal stress and their orientations.
“The development of this new technology -- using existing Luna fiber optic sensors and our ODiSI instrument -- lets the oil & gas industry assess critical parameters that have otherwise been unmeasurable,” said Scott Graeff, President and Chief Executive Officer of Luna. “We greatly appreciate Shell GameChanger for its support as well as its expertise with use cases in the oil & gas industry. Together, we show how the industry’s toughest test, measurement, and analysis challenges can be tackled with ideas like CHISL.”
Luna’s CHISL sensor integrates fiber optic sensors into a flexible hydraulic sleeve, which applies pressure to a borehole wall until small longitudinal fractures are formed. Unlike hydraulic fracturing, where fluid flows into the fractures and causes them to grow in length away from the borehole, CHISL does not allow the fluid to flow into the induced fractures.
“A reliable estimate of in-situ stress is critical for many applications in oil and gas industry. For example, the success of hydraulic fracturing in shales greatly depends on the created fracture height, which in turn is strongly controlled by the stress variations with depth. Luna’s technology would allow stress depth profiles to be estimated with unprecedented resolution,” commented Alexei Savitski, Geomechanics Subject Matter Expert at Shell. “The maximum horizontal stress is one of the most uncertain subsurface properties and is usually inferred from other data. But CHISL would allow this uncertainty to be reduced significantly, which is critical for assessing the risks of fault re-activation and induced seismicity.”
The CHISL sensor will provide new kinds of data that can be leveraged to increase safety, production efficiency, and optimization of future subsurface engineered systems. Future field operations using a ruggedized sensor could yield in-situ stress measurements for unprecedented lengths of boreholes and in less time than traditional hydraulic-fracturing techniques. Apart from the stress profiling of rock formations for planning of hydraulic fracturing, other applications include caprock integrity sensing for oil wells and optimized drilling of complex oil wells.
About Luna
Luna Innovations Incorporated (www.lunainc.com) is a leader in optical technology, committed to serving its customers with unique capabilities in high-performance, fiber-optic-based sensing, measurement, testing and control products for the aerospace, transportation, infrastructure, security, process control, communications, silicon photonics, defense, and automotive industries, among others. Luna is organized into two business segments, which work closely together to turn ideas into products: Lightwave and Luna Labs. Enabling the future with fiber, Luna’s business model is designed to accelerate the process of bringing new and innovative technologies to market.
About Shell GameChanger™
Shell GameChanger™ is a program that seeks to deliver high-impact energy technology through collaboration with startups. For more than 20 years, it has helped numerous startups to get the funding and expert support they need to grow. In recent years, GameChanger™ has strategically focused on technology development that speeds up Shell’s energy transition effort, including forming strategic alliances with various incubators, academic institutions and national laboratories to increase significantly both the quantity and the quality of the deal flow.
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The University and Lightsource bp partner to boost the sustainable benefits of solar energy for a brighter future
PHILADELPHIA--(BUSINESS WIRE)--#PennState--Penn State announced that this month the University has begun purchasing renewable electricity generated from three Lightsource bp solar farms that have completed construction in Franklin County. The projects were initiated in early 2019 upon the signing of a 70 megawatt Power Purchase Agreement (PPA) under which Penn State would purchase 100% of the electricity generated by the projects constructed and operated by Lightsource bp.
In total, the solar farms will produce over 100 million kilowatt-hours of electricity in year one, supplying 25% of the University’s state-wide electricity needs and lowering Penn State’s greenhouse gas emissions by 57,000 mtCO2e per year, or the equivalent of removing 12,100 fuel-burning cars from the road. It will provide Penn State with estimated cost savings in year one of $272,000 and more than $14 million over the 25-year contract term.
David Gray, Vice President for Finance and Business and Treasurer, Penn State: “At a time when we are facing so many great challenges, the beginning of this 25-year power purchase agreement offers a bright moment and a true reflection of the university’s ability and commitment to not just grow, but to succeed in a way that enhances the health and sustainability of the planet and future generations.”
Beyond the carbon reduction and cost savings benefits of the solar farms, Penn State and Lightsource bp have a wider mission to maximize the sustainability impacts of solar farming in the U.S. with a comprehensive approach that fosters biodiversity, improves soil health, provides pollinator habitats, and is a long-term living laboratory for students to learn and innovate for our sustainable future.
Kevin Smith, CEO of the Americas, Lightsource bp: “This project is a great example of how, with proper planning and committed partners, utility-scale solar projects can bring a large range of benefits to communities – from providing clean and cost-effective electricity to boosting biodiversity and diversifying farm income.”
Energizing student success with real-world experiences
More than fifty Penn State students with a variety of majors, including business, engineering, and marketing have experienced, and will continue to have access to a variety of learning, research and internship opportunities related to the solar project.
Eric Barron, University President: “From planning to implementation and beyond, our students were granted firsthand, once-in-a-lifetime access to innovative learning and research opportunities related to the expanding renewable energy industry. These living lab experiences prepare students for new career possibilities, and a brighter future for all of us.”
One group of senior engineering students worked with Lightsource bp through the University’s Bernard J. Gordon Learning Factory to design an interactive excel guide for wind and solar developers, learning how to navigate the grid interconnection process and related requirements and fees on the local, state and federal level. Another class of students within Penn State's Smeal College of Business had the opportunity to work on a semester long, real-world project and then pitch business marketing strategies to executives at Lightsource bp as part of their class with Karen Winterich, Professor and Smeal Research Fellow at the college. And during Fall 2019 semester, graduate researchers from multiple disciplines across the university toured the solar site as part of the LandscapeU program which studies the food-energy-water system in the Chesapeake Bay watershed and elsewhere.
“Having Penn State students involved in the project as well as contribute to our business strategy has been an added benefit,” added Smith. “We’ve been impressed with their critical thinking and caliber of work.”
Enhancing resilience of landowners and their land
The three solar farms are on 500 acres of land leased from local landowners, providing a diversified, reliable cash flow in the local Pennsylvania farming community. Additionally, in partnership with Penn State, local farmers, ecology and grazing experts, Lightsource bp created a plan to enhance biodiversity as well as continue agricultural use through rotational sheep grazing to maintain the land and provide a supplemental source of income to local farmers.
Each of the three solar farms – called Nittany 1, 2 and 3 – were seeded with a specially formulated seed mix aptly named Fuzz and Buzz. Developed by the American Solar Grazing Association (ASGA) in partnership with Ernst Conservation Seeds and Pollinator Service, Fuzz and Buzz was specifically designed for solar sites to support grazing, and biodiverse enough to support a range of pollinators. Here in Pennsylvania as well as around the world, habitat loss, disease and environmental contaminants have caused pollinator populations to decline, which has detrimental effects on food crops that rely on pollinators.
The Nittany 1 site will be the first to support grazing activities, to begin in Spring 2021. Sheep grazing will keep the farmland in farm production and employ Pennsylvania farmers. It can also improve soil health by increasing the cycling of nutrients, carbon and water.
Emilie Wangerman, VP of Business Development, Lightsource bp: “From the beginning of our partnership with Penn State, the focus has been on affordability and benefits to the community and environment. Penn State’s robust request for proposal (RFP) process could serve as a blueprint for other universities on how to maximize the positive impacts of an investment in renewable energy.”
A brighter future for Penn State and Pennsylvanians
The solar project contributed significantly to Penn State achieving its goal of reducing its greenhouse gas emissions by 35% from 2005 levels by 2020, and to the realization of Pennsylvania’s goal to reduce its emissions by 80% from 2005 levels by 2050.
Bill Sitzabee, Vice President for Facilities Management, Penn State: “I challenged our team to make this solar project happen in Pennsylvania, and it’s been great to be a part of the teamwork that has transformed that vision into a reality. After converting the university from coal to natural gas, the investment in solar made perfect sense as a next step as we work systemically to address both the demand side and supply side of the energy equation to thoughtfully and incrementally reduce GHGs 80% by 2050.”
As part of an internship with Lightsource bp, Penn State business marketing students helped create a ‘virtual ribbon-cutting' experience where visitors can learn more about the solar project and take a virtual tour, view digital dashboards of the three solar arrays to see the amount of energy they are producing and amount of carbon they are reducing, and hear from the team who helped make this exciting project a reality. Please join us for the virtual ribbon-cutting event by clicking here.
Paul Shrivastava, chief sustainability officer and director of the Sustainability Institute at Penn State: “With 23 campuses and connections to so many communities across the state, Penn State is well positioned to contribute to Pennsylvania becoming a sustainability success story over the next decade. I look forward to more projects like this one where we not only achieve our goals as a university but also improve the resilience of local communities and contribute to a more equitable future for everyone.”
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects. They are a 50:50 joint venture with bp plc, working together to help drive the world’s transition to low carbon energy through competitively priced and sustainable electricity. With solar set to increase tenfold in the next 20 years, Lightsource bp is well-positioned to capitalize on this growth and enact real change on the global energy landscape through responsible solar projects.
The team is comprised of 500 industry specialists, active across 13 countries – providing a full-service to their customers from initial site selection and permitting through to long-term management of projects. Lightsource bp in the US is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Houston. Since the company announced its strategic expansion into North America in late 2017, the team has developed a pipeline of more than 7 gigawatts of large-scale solar projects at various stages of development across the United States with more than 1,000 megawatts of contracted assets. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page.
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